Expect the unexpected: Name a contingent beneficiary on your life insurance policy

By | adviser, agency, agent, asset, assets, beneficiary, benefit, child, children, claim, contingent, estate, family, financial, independent, Insurance, legal, life, Life Insurance, plan, planning, policy, probate, proceeds, protect, tax-free, taxes
contingent-beneficiary

Life doesn’t always go as planned. When you married, you did the responsible thing and purchased life insurance policies for both you and your spouse. Each of you named the other as beneficiary, ensuring that no matter who passed away first, the survivor would be taken care of. At least, that was the plan.

The post Expect the unexpected: Name a contingent <br>beneficiary on your life insurance policy appeared first on The Cincinnati Insurance Companies blog.

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Expect the unexpected: Name a contingent beneficiary on your life insurance policy

By | adviser, agency, agent, asset, assets, beneficiary, benefit, child, children, claim, contingent, estate, family, financial, independent, Insurance, legal, life, Life Insurance, plan, planning, policy, probate, proceeds, protect, tax-free, taxes
contingent-beneficiary

Life doesn’t always go as planned. When you married, you did the responsible thing and purchased life insurance policies for both you and your spouse. Each of you named the other as beneficiary, ensuring that no matter who passed away first, the survivor would be taken care of. At least, that was the plan.

The post Expect the unexpected: Name a contingent <br>beneficiary on your life insurance policy appeared first on The Cincinnati Insurance Companies blog.

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Life insurance protects, offers peace of mind

By | agent, consumer, data, family, financial, independent, Insurance, life, Life Insurance, love, parent, prepare, protect, single, stress, survey, unknown
life-insurance-data-survey

Did you know most Americans (78 percent) agree that preparing financially for life’s unknowns is a way to show that you care? In fact, a little closer look at the data finds almost 2 in 3 (65 percent) think that having life insurance is key to taking care of their family financially.

The post Life insurance protects, offers peace of mind appeared first on The Cincinnati Insurance Companies blog.

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Don’t put it off: Assess your life insurance

By | affordable, agent, benefit, care, childcare, cost, cover, coverage, Education, expenses, family, financial, help, independent, Insurance, life, Life Insurance, LIMRA, loved, mortgage, need, payments, peak, policy, protect, salary, survivor, term, time, utilities, wages, whole, years
assess-life-insurance

Would you believe that 1 in 5 families with children under age 18 does not have life insurance? As shocking as that may be to many of us, a 2018 study by LIMRA, a leading insurance and financial services trade organization, also found that 3 in 10 families would be in immediate financial trouble if a primary wage earner died. And, nearly half of respondents would experience financial adversity in just six months.

The post Don’t put it off: Assess your life insurance appeared first on The Cincinnati Insurance Companies blog.

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Don’t put it off: Assess your life insurance

By | affordable, agent, benefit, care, childcare, cost, cover, coverage, Education, expenses, family, financial, help, independent, Insurance, life, Life Insurance, LIMRA, loved, mortgage, need, payments, peak, policy, protect, salary, survivor, term, time, utilities, wages, whole, years
assess-life-insurance

Would you believe that 1 in 5 families with children under age 18 does not have life insurance? As shocking as that may be to many of us, a 2018 study by LIMRA, a leading insurance and financial services trade organization, also found that 3 in 10 families would be in immediate financial trouble if a primary wage earner died. And, nearly half of respondents would experience financial adversity in just six months.

The post Don’t put it off: Assess your life insurance appeared first on The Cincinnati Insurance Companies blog.

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When things change, review your life insurance beneficiary

By | adoption, agent, annulment, baby, beneficiaries, beneficiary, benefit, birth, business, claim, death, dissolution, divorce, estate, financial, independent, Insurance, life, Life Insurance, marriage, plan, policy, protect, security, succession, trust, trustee, will
life-insurance-change-beneficiary

You name a beneficiary when you purchase a life insurance policy. This designation lets the insurance company know who should receive the proceeds of the policy. Keeping your beneficiary designation current is key to ensuring your life insurance benefits are paid as you desire. By not updating your beneficiary designation, your benefits may go to your estate instead of to those who need it the most.

The post When things change, review your life insurance beneficiary appeared first on The Cincinnati Insurance Companies blog.

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